secwatch.observer — SEC 8-K summary
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Issuer:     Simpson Manufacturing Co., Inc. (SSD)
CIK:        0000920371
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0000920371-24-000176
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Simpson Manufacturing Q3 net sales up 1.2% to $587M; EPS $2.21 vs $2.43; cuts FY2024 outlook
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- Net sales $587.2M (+1.2% YoY); net income $93.5M ($2.21 diluted EPS), down 10.1% and 9.1% YoY respectively.
- Operating income $124.9M, margin 21.3% vs 24.2% a year ago; gross margin fell to 46.8% from 48.8%.
- Adjusted EBITDA $148.3M, down 6.6% YoY.
- Revising full-year 2024 outlook citing reduced housing start expectations.
- North America volumes flat YoY; national retail and OEM strength offset residential/commercial weakness.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920371/000092037124000176/0000920371-24-000176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920371/000092037124000176/ssd-20241021.htm
  HTML page:      https://secwatch.observer/filing/0000920371-24-000176

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